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Showing 1 - 10 of 1204 results for "CBA"

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... behind us. One key risk though remains a strong pipeline of investment work by both the private and public sector." Allen said CBA remains "comfortable" with its base case that the RBA will start easing interest rates gradually in November this year. ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
The Federal Court shut down two class actions against Commonwealth Bank of Australia (CBA) relating to anti-money laundering and counter-terrorism financing (AML/CTF). AUSTRAC alleged as early as 2017 that the bank contravened the Anti-Money Laundering ...

ISPT issues $1.5bn sustainably linked loan facility

ANDREW MCKEAN  |  MONDAY, 22 APR 2024
... evenly split across five and seven-year tenors and has attracted participation from 20 lenders. Commonwealth Bank of Australia (CBA), ANZ, Westpac, and HSBC acted as joint mandated lead arrangers and bookrunners and joint sustainability coordinators. ...

Calls for fresh 5% hike to minimum wage

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
... makes an enormous difference to millions of families. "A 5% pay increase is fair and reasonable. For some perspective, the CBA posted a $10 billion in profit last financial year. It could pay for the entire union wage claim for 2.9 million workers of ...

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
... which should be of concern to all workers. What's worse is that once the details of this rip-off was raised with the bank, CBA lied to its staff and denied they were worse off," she said. "For Australia's richest bank, fines alone were not enough of ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... got to have. You've got to have the right hygiene, [and the] right controls in place, and we expect - whether you're CBA or a credit union to have basic standards in play," he said. "We've got a lot of discussion that happens with regulated ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
Members of Commonwealth Bank Group Super (CBA Group Super) have officially transitioned to Australian Retirement Trust (ART), marking the latter's largest corporate merger. The two funds have completed the successor fund transfer, initially agreed ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... and head of strategy and implementation before that. Previous experience included being head of employee superannuation at CBA, director of actuarial at Russell Investments and retirement practice actuarial consultant at Willis Towers Watson in the UK. ...

Bell FG announces leadership shakeup

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
... financial services industry to the role. Prior to BFG, Selvarajah held senior roles with the Commonwealth Bank of Australia (CBA), CommSec, and Bankers Trust. Davenport has served as BFG's chief financial officer and chief operating officer for over ...

Equip Super welcomes new chair

CHLOE WALKER  |  TUESDAY, 17 OCT 2023
... experience in financial services to the role, having worked in a variety of leadership roles at the Commonwealth Bank of Australia (CBA), St. George Bank, the New South Wales Treasury, the Australian Government Department of Finance, The GPT Group, and ...
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